Americans Near Retirement More Worried About Running Out of Healthy Years Than Money
A new survey by retirement planning platform Boldin reveals that Americans nearing or in retirement are increasingly concerned about running out of healthy years rather than money. Of the 1,331 respondents surveyed, two-thirds cited travel as their top retirement goal, but more than half expressed greater fear about not having enough time due to health issues compared to financial concerns. This anxiety is influencing how and when retirees plan to travel—29% expect to front-load most of their travel into the first five years. Steve Chen, CEO of Boldin, noted that retirement planning must now account for both longevity in terms of money and physical well-being. Retirees are also more likely to adjust spending if markets decline significantly. Despite economic uncertainty, 45% say they won’t cut back on travel plans much. Nearly nine out of ten have included travel in their financial plans, with most saying they would increase travel during the first decade of retirement if confident about affordability.
